On May 23, 8:51 pm, Charles Marqs <CharlesMarqs@invalid> wrote:
> Capitalists and Other Psychopaths
>
> By WILLIAM DERESIEWICZ
> Published: May 12, 2012
>
http://www.nytimes.com/2012/05/13/opinion/sunday/fables-of-wealth.html
[SNIP]
May 20, 2012
The Stupid Party
by Bruce Thornton
Frontpage Magazine
The presidency of Barack Obama has established once and for all that
modern liberalism is now the stupid party. Very little of liberal
thought these days represents anything fresh or new, but rather
comprises what Lionel Trilling once reduced conservatism to:
“irritable mental gestures which seek to resemble ideas.” Now it is
liberal ideas that young in the 19th century today stumble around like
zombies in the liberal mind, mindlessly repeating hoary clichés of the
sort Jonah Goldberg documents in his new book.
Obama’s presidency and reelection campaign have already produced an
abundance of examples. Take the looming fiscal crisis of unfunded
social welfare entitlements, run-away federal spending, and
accelerating debt and deficits. Even with the monitory example of a
rapidly disintegrating Europe before our eyes, the Democrats still
can’t do the math. The “Buffett rule” taxes on the “rich” that the
president has been touting amount to the equivalent of couch-cushion
change compared to our debt and unfunded liabilities. Indeed,
confiscating outright all the wealth of the richest 400 Americans
would barely cover one year of Obama deficits. The economic history of
the past half-century backs up the math: only by reducing spending can
we get our fiscal house in order, and raising taxes on the productive
stifles economic growth and reduces tax revenues, thus hastening the
downward spiral. The fundamental wisdom known by every village
explainer — spend more than you earn and you’ll go broke, give people
something for nothing and they will expect something for nothing
forever, there is no free lunch, if something can’t go on forever it
won’t — doesn’t seem to penetrate the minds of the self-styled
“genius” party.
Yet despite this crisis, all the liberals can do is recycle old class-
warfare bromides. Repeating the juvenile slogans of the Occupy Wall
Street movement, the Democrats decry the “1%” and the President
shrieks about the rich “paying their fair share.” The fact that among
advanced economies the US already has the most progressive income
taxes and the highest corporate taxes — even as nearly half of
taxpayers pay nothing while an equal number receive some sort of
government largesse — can’t penetrate the fog of clichés befuddling
the liberal brain. No, stale Hollywood scripts about “Wall Street”
pirates and evil oil corporations are recycled into government policy,
and jeremiads against “greed” and “materialism” abound. The President
even invokes Jesus Christ in support of his redistributionist schemes,
his liberal supporters conveniently forgoing their usual hysteria
about the theocratic camel’s nose poking into the political tent.
Nothing in any of this has anything to do with the reality of our
economic sickness or its cures. Worse yet, we’ve heard it all before
over a century ago. In the late 19th century, increasing immigration
from Russia, Poland, southern Italy, and other non-Teutonic countries,
along with the growing wealth, social mobility, and economic
opportunity created by industrial capitalism, agitated the well-born
and well-educated elites worried about racial “degeneration” and the
weakening of the American order. Impressed by Karl Marx, they saw
industrial capitalism and corporations, and the increasing
materialism, amoral greed, civic corruption, and crass competition
these fostered, as the force that would destroy the American moral
order and empower the lesser breeds who thought of nothing but greed
and selfish gain, no matter the future costs to society. The
reformers’ answer was to turn over government rule to a “natural
aristocracy” created by breeding and education, the denizens of the
“best class” who could restore order to a disintegrating society and
rein in the “incorporated power and greed,” as Brooks Adams put it, of
“robber barons” like the Rockefellers and Morgans and the other
“malefactors of great wealth” criticized by T.R. Roosevelt.
The Adams brothers embody best that snobbish disdain for the ordinary
people and immigrants who were finding in an economically expanding
America the freedom and opportunity denied to their ancestors. Brooks
and Henry Adams were the scions of two presidents and an ambassador,
members of a New England aristocracy long accustomed to taking for
granted both the privileges of wealth and their own entitlement to
rule. Their opposition to industrialization and materialism was in
part based on class prejudice and refined taste, both of which
fostered a disdain for the nouveau riche and other upstarts
increasingly dominating what Mark Twain dubbed the “gilded age.” The
growing power of America could not be entrusted to these degenerate
ordinary citizens who wanted only to grab as much as they could. Only
by having their betters take over — the technocratic elite that
possessed “powerful administrative minds,” as Brooks Adams called them
— could America contain the destructive excesses of such parvenus.
Running through this gloomy economic diagnosis of America’s decline
was a nasty racialist snobbery. Brooks Adams fretted over the
“barbarian blood” polluting the “old native American blood,” which at
the time was fancifully believed to be Teutonic and Nordic. Henry too
worried that “the dark races are gaining on us.” Jews in particular
were linked to money-grubbing and materialism. “England is as much
governed by the Jews of Berlin, Paris, and New York, as her own native
growth,” Brooks Adams complained. “It is in the nature of a vast
syndicate, and by control of London, they control the world.” Henry
despised as well what he called “the rotten, unsexed, swindling, lying
Jews.” Such anti-Semitism was part of a large anti-immigrant prejudice
based on fears of what Progressive spokesman E.A. Ross called “race
suicide.”
Not much has changed in the last hundred years. Of course, this
liberal dynamic of resentment against the “vulgar” rich and obsession
over high social status has acquired new camouflage. Decrying racial
degeneration has been discredited, to be replaced with the soft racism
of low expectations enshrined in affirmative action policies and
politically correct patronizing of “people of color.” Anti-immigrant
sentiment has been reversed, now that the liberal elites have
discovered that illegal immigration in particular provides a whole new
stockpile of political clients beholden to government transfers and
the political party that delivers them. Class snobbery is usually
hidden behind a veneer of populism, though it slips out regularly —
just revisit the vicious attacks on Sarah Palin, or the President’s
talk of “bitter clingers.” And anti-Semitism, though blatant at Occupy
Wall Street rallies and anarchist protests against globalization, has
been repackaged as “anti-Zionism,” while keeping the same fantasies of
a “vast syndicate” that controls finance and the media.
Yet the essence of the liberal agenda remains the same as it was 100
years ago: Money-grubbing capitalists, the people who actually create
wealth and jobs, are still being attacked for their selfish greed;
snooty rich Ivy League grads still believe they should be running
things, given that the oafish masses are too ignorant or befuddled by
God, gays, and guns to know their own best interests; and government
must be centralized and its power increased so that these enlightened
elites can acquire the funds needed to redistribute the wealth and
create a more just and fair social order, which turns out to be one in
which they call all the shots.
In other words, a hundred years of painful experience and the failure
of these notions should demonstrate their danger. That liberals
continue to ignore those historical lessons and recycle those
discredited ideas makes them the stupid party.
©2012 Bruce S. Thornton
http://www.victorhanson.com/articles/thornton052012.html